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My experience was in the last dot-com bubble/boom. The caps filled as 12:01 on the day they opened by MSFT/Intel/HP etc
by excuse-me 14y ago
My experience was in the last dot-com bubble/boom. The caps filled as 12:01 on the day they opened by MSFT/Intel/HP etc
- btbuilder 14y agoThis hasn't been true since the recession. Also when the cap limit is hit a lottery system is used to select petitions. No companies have preference. In fact the rules now are that they will include any petition received within the first five business days in the lottery. The rules are a little more complex than this, but it's essentially correct. Any reasonably good lawyer knew they had to get things submitted on the first day due to cap uncertainties.